Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) dropped 6.3% on Tuesday . The company traded as low as C$15.60 and last traded at C$15.71. Approximately 919,247 shares changed hands during trading, a decline of 39% from the average daily volume of 1,496,993 shares. The stock had previously closed at C$16.77.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HUT shares. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. BTIG Research upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a report on Friday, March 7th. Five investment analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".
Get Our Latest Report on Hut 8
Hut 8 Stock Up 0.8 %
The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 3.79 and a beta of 3.45. The business's 50-day moving average is C$19.77 and its 200-day moving average is C$26.85.
About Hut 8
(
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Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
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